Month: July 2016

Finding cheap car insurance for specialty cars

It may be easy to find cheap car insurance in San Antonio but it is not always wise to buy on the basis of price. You want your cheap car insurance to be good value for moneyEverything About Cheap Car InsuranceCheap car insurance for teens and young adults »Finding cheap car insurance for teens and young adults is challenging but it can be done. Get car insurance quotes from as many insurers as possible Finding Specialty Cheap Car Insurance »Look for an insurer specializing in specialty cars.
Although you will occasionally find cheap car insurance from large insurers, small companies usually offer the
lowest car insurance rates Finding cheap car insurance for family cars »When buying a new or replacement vehicle for your family, here are a few ideas on how to find affordable if not cheap car insurance. Buy safety for the lowest car insurance quotesCheap car insurance when you buy on credit »If you decide to buy on credit rather than lease, can you find cheap car insurance? If not, what can you do to find lower car insurance rates?

Specialty Car Insurance

The first step is to define the different types of vehicles that may be involved. Some vehicles may be classified as Classic as opposed to Antique. Some may be modified or customized makes and models. Then we come to kit cars, race cars, the modified and antique commercial vehicles, and the motorcycles.

Get car insurance quotes for the following definitions:

An antique car was manufactured more than 25 years ago.

A classic car was manufactured between 20 and 24 years ago.

A collectible car was manufactured between 15 and 19 years ago

An exotic car was manufactured less than 15 years ago.What is agreed value coverage?

No matter how your vehicle is classified, specialty policies usually agree a fair market value for the vehicle so that, if the vehicle is a total loss, the insurer will pay the full amount you have invested in the vehicle with no questions asked. To arrive at this agreed value, you will have to submit your vehicle for appraisal and, where appropriate, produce the bills and invoices showing how much money has been spent on customizing or modifying the vehicle. What happens if the vehicle is damaged?

The standard insurance companies work with an approved list of body and repair shops. Unfortunately, most will not have access to the spares nor have the expertise to do the work to acceptable standards. If you find a specialist insurer, they are usually prepared to work with the repair shop of your choice. What limits are there on the use of a specialty vehicle?

The majority of owners do not use their specialty vehicles in everyday driving. There will be a regular-use vehicle for commuting to work and picking up the children fromschool. Most antique and classic cars are owned by collectors and hobbyists. Such vehicles will only be driven for “fun” at weekends or taken to shows and meets. This often makes for relatively the cheapest car insurance because the mileage will be very low. Comprehensive cover will also be at low rates given the standard condition that your speciality vehicle is stored in a locked garage or storage facility.Who can insure specialty vehicles?

Most standard and specialized car insurance companies restrict this form of insurance to highly experienced drivers with clean driving records. Even the specialized insurers will refuse to insure some race cars and both vehicles and motorcycles modified in a way making their use on public roads potentially dangerous.

In a recent survey using a standardized profile in all the states of the union, the car insurance rates for the same driver were found to differ by more than $1,000. This is not just a simple matter of insurers having different models for estimating risk. It reflects a real difference between states and the conditions on the roads. Ignoring local differences, here are some simple tips for finding discounts and thereby buying cheap car insurance.

So look up the results of the crash tests run by the Insurance Institute for Highway Safety. Check out the performance of the makes and models you are interested in buying. As you might expect, the safest vehicles tend to have the cheap car insurance rates. However that is not the end of the story. If you are proposing to buy comprehensive cover, look carefully at the statistics of vehicle thefts. The number of cars stolen varies quite significantly depending on where you live‚ remembering the ZIP code is a big factor in deciding the rate you will pay. see more